AUD/USD continued its fall on Friday as traders are selling off anything risk related at this point. The Aussie is especially sensitive to the global economy, and as there are concerns about China slowing down
USD/CHF rose on Friday as the “safe haven” trade came back into vogue. The Franc is no longer a safe haven currency since the Swiss National Bank is working against the value of it, and the USD...
GBP/USD had a fairly neutral day on Friday as traders bought and sold the pound in various spurts during the day. The 1.55 area looks to be supportive, but the trend is down. We feel that eventually...
USD/JPY rose on Friday as the markets around the world sold off. The USD/JPY is being lifted by the Bank of Japan, and as a result we haven’t been able to sell this pair for quite some...
EUR/USD fell hard on Friday as the markets continue to punish the EU for not getting a solution to the debt crisis finalized quickly enough. The 1.3350 area below is the last stand for the EUR/USD uptrend,...
Euro strengthened after the German Parliament accepted changes in the EFSF.
On the event of sideways trading (with weaker bias) witnessed in most of the asset classes, the Dollar Index appreciated from 77.30 ranges with stronger bias, though it is expected to find stiff resistance in the ranges...
Germany’s approval Thursday to increase the size and flexibility of the euro zone’s bailout fund and better than expected U.S. economic data pushed the ERU/USD pair above 1.36 Thursday, though it has pared some of the gains...
The EUR/USD pair rose on Wednesday, but fell later in the day as traders sold off risk. The Euro still have massive uncertainty surrounding its prospects, so buying it doesn’t appeal to many.
GBP/USD had a slightly bearish day on Wednesday, but it should be noted a lot of those losses came late in the session again. This shows that rallies cannot be trusted, and they are simply providing selling...
